Monday, September 22, 2008

Presidential candidates and the bailout

The (maybe fatally) flawed financial bailout is the presidential candidates' chance to show leadership that could make the difference in their even race. I wouldn't count on McCain to pick the bailout apart and propose an alternative. All the reasons why are in this Bloomberg piece. Obama says legislation should not reward the reckless financial players who created the mess, and says the bailout concocted by Paulson & Co. is only a "concept," not a plan. But Obama is yet to say what a real plan should be.

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